Scotiabank Issues Optimistic Estimate for RCI Earnings

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Stock analysts at Scotiabank boosted their FY2026 earnings per share estimates for shares of Rogers Communication in a report issued on Tuesday, July 15th. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will post earnings of $3.53 per share for the year, up from their previous estimate of $3.49. Scotiabank currently has a "Sector Perform" rating on the stock. The consensus estimate for Rogers Communication's current full-year earnings is $3.57 per share.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The firm's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share.

Other research analysts have also issued reports about the stock. BMO Capital Markets restated an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Canaccord Genuity Group raised shares of Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Rogers Communication currently has a consensus rating of "Hold" and an average target price of $67.00.

Rogers Communication Price Performance

NYSE RCI traded up $0.44 on Friday, reaching $33.37. The company had a trading volume of 339,054 shares, compared to its average volume of 1,109,663. Rogers Communication has a 12 month low of $23.18 and a 12 month high of $41.84. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 3.97. The stock has a market capitalization of $17.95 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76. The firm's 50 day moving average price is $28.54 and its 200 day moving average price is $27.68.

Rogers Communication Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 9th were paid a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.33%. This is a positive change from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date was Monday, June 9th. Rogers Communication's payout ratio is currently 62.23%.

Hedge Funds Weigh In On Rogers Communication

A number of institutional investors and hedge funds have recently made changes to their positions in RCI. FIL Ltd lifted its position in Rogers Communication by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Rogers Communication by 0.4% in the 1st quarter. Mackenzie Financial Corp now owns 8,368,837 shares of the Wireless communications provider's stock valued at $223,483,000 after purchasing an additional 37,013 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Rogers Communication by 3.4% in the 1st quarter. Bank of Nova Scotia now owns 7,998,907 shares of the Wireless communications provider's stock valued at $213,641,000 after purchasing an additional 262,705 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Rogers Communication by 123.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock worth $206,565,000 after buying an additional 3,717,487 shares during the period. Finally, Letko Brosseau & Associates Inc. increased its holdings in shares of Rogers Communication by 13.0% in the 1st quarter. Letko Brosseau & Associates Inc. now owns 5,885,187 shares of the Wireless communications provider's stock worth $157,143,000 after acquiring an additional 674,807 shares during the period. Institutional investors own 45.49% of the company's stock.

Rogers Communication Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.